Aeronautical Components Manufacturing Tycoons Gather in SIP
Firth Rixson Aeronautical Parts (Suzhou) Co., Ltd. started operation in SIP Export and Processing Zone on Nov. 4. The wholly-owned British company, which produces aircraft engine parts, makes the industrial chain of aeronautical parts industry complete in SIP.
By grasping the opportunities of globalization, SIP has gathered series of manufacturers of world prestige in the fields of auto electronics, aeronautical electronics, precision measuring instruments, and power tools, achieving superiority in precision machining industry. In aeronautical electronic industry alone, there have been such famous manufacturers as Smiths, Messier-Dowty, Honeywell CATIC, SAM, and Primus, etc.
The leading industries given priority in SIP include electronic information, precision machining, biological pharmaceutics, new materials, and aeronautical parts manufacturing, and other hi-tech industries, with special emphasis on building up industrial chains. In recent two years, the industrial chains in auto parts and aeronautical parts, in particular, have gained rapid progress. Over 50 auto parts manufacturing enterprises have gathered in SIP, and 15 of them were newly added this year. In the aeronautical parts manufacturing, 10 enterprises have settled in SIP with a total investment value of over 200 million USD.
The British Firth Rixson Ltd. is the largest global supplier of special metal parts, and the Firth Rixson Aeronautical Parts (Suzhou) Co., Ltd. is the first investment project and largest manufacturing base of Firth Rixson in Asian and Pacific region, built with a total investment of US$ 60 million. The annual output value in the first phase is expected to be US$ 20 million. The company is devoted mainly to research, development, and manufacturing of various components and structural parts for aeronautics, transportation, and power industry for customers around the world.
Zhu Yongxin, Deputy Mayor of Suzhou, attended the opening ceremony of the company on Nov. 4.
Nov. 5, 2005